8 - 10 mil $ is a number I have heard in a conversation....but...

8 - 10 mil $ is a number I have heard in a conversation....but you would be hard pushed to ever convince a wild harvest licence holder in a green lip zone to sell a licence. The Green and Black lip are simular in taste but the jade colour of the green lip is what draws attention from the Asian market - especially around Chinese NY.

OGA (as a coy of many individual shareholders) may be on its way to 100 tonne in a year. But in comparison to the quota of a individual wild harvest licence holder - 100 tonne it is not that much. 100 tonne to 600 tonne is ambitious and GLTA.

Abalone are complex creatures and just because a concrete structure on the sea floor has a design that maximises surface area does not translate to that surface area being covered in Abalone. I enjoy the taste of a few Abs and there habitat can be reasonably specific. Abalone like to move around while grazing.

Australian Bight Abalone ABA (not ASX listed) which is now a less than welcome word in South Australia did a lot of spending of shareholders money that IMHO was not much short of a desperate Ponzi scheme in its dying days after several creative rebirths. That spending is now identified as frivolous by many. ABA tried to get too big too early IMHO, ABA was embellishing potential volumes of product, this in turn would whip up investors curiosity and enthusiasm once the fingers hit the calculators. ABA went down to the tune of 30-40 somethingish million AUD over its lifespan - DYOR. For ABA the structures still remain in water and a public auction took place under administrators direction this year. OGA would be aware ABA and its demise. Too big - too soon. As I understand OGA and ABA are completely different in there grow out models. Operating costs and regulatory compliance along with personnel and marine assets don't come cheap.

Markets for like high value low volume products like Abalone and Bech-De-Mere are obvious. Be aware of what plays out with a high value product when there is a move from wild harvest to ranching or aquaculture. When the buyers of the product perceive to have advantage of the extra product held by a single entity the market price can be pushed down. Re Blue Fin Tuna farming

Finally, disease is an random factor in the ocean. A random influence can decimate a species - or stunt is growth. Also, If OGA was implicated with influencing negative impact on wild harvest stocks I would suspect the unsettled sentiment would come thick and fast.

I do wish all OGA investors the best and will watch with interest.

GLTA and to the BOD.